– Scottsdale Luxury Home Market Performance for January 2025 –
2025 is upon us and in Scottsdale, that means the high season is off and running. Inventory jumped in anticipation, something we see seasonally, and sales activity, for the most part, saw increases.
To get a better understanding of the luxury home market in Scottsdale, we track four sales statuses on a monthly basis. We then break that information down further by using price ranges.
– JANUARY 2025 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
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– Active Scottsdale Homes on the Market: The number of homes for sale jumped 21.8% between the end of December and January.
– UCB Scottsdale Home Sales: UCB contracts made a comeback after a very quiet December.
– Pending Scottsdale Home Sales: Pendings contracts also saw a healthy rebound and came in ahead of the 12 month average.
– Scottsdale Homes Sold: Due to a lower number of UBCs and pendings in December, sales were a little muted in January, but still turned in a solid performance.
– Sales Price to Listed Price: 96.4% – On average, buyers saw a discount of 3.6% off of list price.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
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– Active Scottsdale Homes on the Market: Inventory shot to the highest level we have seen in the past year.
– UCB Scottsdale Home Sales: UCB contract activity was very strong and was tied with April 2024 for the best performance.
– Pending Scottsdale Home Sales: Pendings were also up and came in just ahead of the 12 month average.
– Scottsdale Homes Sold: Home sales moved back into the 40’s in January. I anticipate this number to increase in February based on UCB and pending activity.
– Sales Price to Listed Price: 96.2% – On average, buyers saw a discount of 3.8% off of list price.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
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– Active Scottsdale Homes on the Market: The number of homes for sale increased 24.2% in January.
– UCB Scottsdale Home Sales: UCB contracts had a very strong performance, coming in at the second highest level we have seen in the past year.
– Pending Scottsdale Home Sales: Interestingly, pending sales saw a huge drop to the lowest we have seen in the last 12 months. This is an anomaly and I am not sure what happened.
– Scottsdale Homes Sold: The number of homes sold saw a healthy increase in January.
– Sales Price to Listed Price: 95.8% – On average, buyers saw a discount of 4.2% off of list price.
Scottsdale Homes Priced $3,000,000+
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– Active Scottsdale Homes on the Market: January closed with the highest inventory of the past year, coming in well over 300.
– UCB Scottsdale Home Sales: UCBs were up an impressive 46.9% between December and January.
– Pending Scottsdale Home Sales: Pending sales remained level with December and came in on par with the 12 month average.
– Scottsdale Homes Sold: Sales were up modestly in January, but still came in ahead of the 12 month average.
– Sales Price to Listed Price: 94.6% – On average, buyers saw a discount of 5.4% off of list price.
If you would like additional details on home sales activity, please visit our Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.
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MLS IDX Listing Disclosure © 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 2/1/2025 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties expressed or implied.
Copyright ©2025 Heather Tawes Nelson | Joyce Tawes